The Globe and Mail reports in its Tuesday, April 2, edition that Scotia Capital analyst Ovais Habib has elevated his recommendation for Mag Silver to "sector outperform" from "sector perform." The Globe's David Leeder writes that Mr. Habib trimmed his share target by $1.50 to $13.50 (all figures U.S.). Analysts on average target the shares at $17.77. Mr. Habib says in a note: "We believe the release of the updated Juanicipio technical report represents a major derisking milestone for Mag's shares. The plan outlines an initial 13-year reserve life for the polymetallic Ag-Au-Pb-Zn deposit with opportunity to expand the current reserve base through near mine and greenfield explorations. ... On valuation, Mag is trading at one times our NAV versus the silver producers' peer group at 1.44 times using our Scotia price deck. At spot, Mag trades at 0.91 times our valuation versus peers at 1.28 times. ... At spot, Mag could generate asset-level FCF (before corporate adjustments) of $93-million (FCF yield 9 per cent) in 2024 and 2025, at its 44-per-cent JV interest." The Globe reported on March 21 that Stifel analyst Stephen Soock was keeping his "buy" call on Mag Silver intact. It was then worth $9.26.